Local media quoted Viet Bamboo Airlines Ltd Co director general, Dang Tat Thang, saying FLC is finalising the formation of the company and hopes to start flight operations by the end of 2018.

“Bamboo Airways will take a different flight path first focusing on direct services connecting international markets with emerging tourist destinations in Vietnam, instead of domestic flights that are overloaded.”

Priority will be given to localities where FLC has built major tourist complexes, including Quang Ninh, Hai Phong in the north, Thanh Hoa and Quy Nhon (Binh Dinh province) in the central region, and Nha Trang (Khanh Hoa province) and Phu Quoc (Kien Giang province) in the south, he said.

Bamboo Airways will be a “hybrid” airline, blending low-cost traits with those of traditional airlines, the director added.

FLC will have a registered capital of USD31 million and will start services with 10 planes for international routes.

At present, there are 21 airports across the country, but two major airports in Hanoi (Noi Bai International Airport) and Ho Chi Minh City (Tan Son Nhat International Airport) account for 75% of all passenger traffic.

The airline will concentrate on developing routes to secondary airports.

Vietnam has four major players; Vietnam Airlines, Vietjet Air, Jetstar Pacific, and Vietnam Air Services Company (VASCO).

Civil Aviation Authority of Vietnam estimated the country’s aviation market handled 52.2 million passengers in 2016, a 29% surge from 2015.

FLC Group majors in real estate with a portfolio of retail supermarkets, commercial centres, resorts, hotels and sports complexes.

By Wanwisa Ngamsangchaikit - TTR Weekly - June 8, 2017